Power Finance Corporation (PFC) was set up in July 1986 as a financial institution (FI) dedicated to power sector financing and committed to the integrated development of the power and associated sectors. The corporation was notified as a public financial institution in 1990 under the Companies Act, 1956.
The company was conferred with the status of Navratna PSU by Government of India on 22nd June, 2007. Under the Navratna status, the government has delegated enhanced powers to CPSEs having comparative advantage and the potential to become global players. The corporation is registered as a Non Banking Financial Company with the RBI.
PFC is providing large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, consultancy services etc for various power projects in generation, transmission, distribution sector as well as for renovation & modernisation of existing power projects.
The Ministry of Power, Central Electricity Authority and PFC are working together to facilitate development of Ultra Mega Power Projects with the capacity of about 4000 MW each under Tariff based competitive bidding route. Being large in size, these projects will meet the power needs of number of states through transmission of power on regional and national grids.
The company’s clients are State Electricity Boards, State Power Utilities, State Electricity/Power Departments, Other State Departments (like Irrigation Department) engaged in the development of power projects, Central Power Utilities, Joint Sector Power Utilities, Equipment Manufacturers and Private Sector Power Utilities
The registered office of the company is located in New Delhi, whereas regional offices are in Mumbai and Chennai.
Power Finance Corporation has received ISO 9001:2000 and ISO 9001:2008 certifications
Products & Services
Fund Based - Financing of Fuel Supply Projects and Equipment Manufacturer for Power Sector
Project Term Loan (Rupee and Foreign Currency) - Short Term Loan Short/Medium Term Loan to Equipment Manufacturers
Direct Discounting of Bills Scheme - For Buyers Direct Discounting of Bills Scheme - For Sellers Lease Financing SchemeBuyer's Line of Credit Debt Refinancing Scheme Offer finance under asset acquisition scheme
Project Rupee Bridge Loan Scheme Line of Credit for Import of Coal Assistance for Studies/Consultancies/Training Lease Financing Scheme for Wind Power Projects Financial Product for Energy Saving Projects
Mini Short Term Loan Finance for Grid Connected Solar PV Power Generation Projects Offer Consultancy Services.